crude

EURUSD tumbles through supports The US dollar advanced as the US June CPI data beat expectations. The pair has met stiff selling pressure in the supply zone around 1.1890 once again. Sentiment towards the euro is downbeat as long as…
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Tomorrow could provide some extra volatility in oil, and might even reverse the recent trend, depending on what happens. Early in the US session, we have the start of another round of negotiations around Iran's potential return to a…
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There is always tension between suppliers and consumers of any product. But, when they are national strategic assets like oil, that tension takes on an extra dimension. The US has a particularly unique position in that face-off, being…
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Suez Blockage Boosts Oil It’s been another tricky week for oil traders. Crude began the week under heavy selling pressure amidst the downturn in global risk appetite and the resurgence in the US dollar which has broken out to fresh to…
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The price of WTI appears to have peaked in the middle of the week, as the weather conditions in Texas are improving. This, despite many refineries still shuttered in the region after the once-in-a-century cold front devastated the area.…
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Crude oil prices have broken out to fresh one-year highs this week as the market continues to derive demand amidst the ongoing bullish sentiment across risk assets recently. With traders focusing on the US economic recovery, the prospect…
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Crude Supported By better Risk Appetite Crude oil prices have extended their 2021 rally this week with the market adding a further 3.3% as of writing. Oil prices have been on an impressive run-up since November 2020. Better risk…
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The crude market saw a much quieter period of trading this week. Price remained in a block of consolidation just beneath the recent highs. The weakness in the US dollar over Q4 of 2020 saw the crude market expanding over 50% to the…
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Crude oil prices have traded higher across the week, recouping some of the losses suffered over the prior week. This week’s gains have been driven mainly by a bullish report from the EIA. In the week ending September 11th, the Energy…
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Crude Inventories Fall Again Crude oil prices have seen a drop in buying this week. Price moved into negative territory on Wednesday despite the latest data from the Energy Information Administration. In the week ending August 28th, the…
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